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The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Elon Musk's mysterious ways on display in Tesla tweet trial
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Trustees picked by DeSantis may change progressive college
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Elon Musk's mysterious ways on display in Tesla tweet trial
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Trustees picked by DeSantis may change progressive college
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Elon Musk's mysterious ways on display in Tesla tweet trial
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Trustees picked by DeSantis may change progressive college
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Elon Musk's mysterious ways on display in Tesla tweet trial
NYSE:GVA

Granite Construction - GVA Stock Forecast, Price & News

$41.50
+0.32 (+0.78%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$41.10
$41.85
50-Day Range
$34.48
$41.50
52-Week Range
$25.35
$41.85
Volume
270,208 shs
Average Volume
316,794 shs
Market Capitalization
$1.81 billion
P/E Ratio
32.94
Dividend Yield
1.25%
Price Target
$28.00

Granite Construction MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
32.5% Downside
$28.00 Price Target
Short Interest
Bearish
12.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.92mentions of Granite Construction in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.12%
From $2.64 to $2.96 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.41 out of 5 stars

Construction Sector

106th out of 109 stocks

Heavy Construction, Except Building Construction - Contractors Industry

9th out of 9 stocks


GVA stock logo

About Granite Construction (NYSE:GVA) Stock

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

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GVA Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Granite’s Washington Region Receives Project Awards
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Granite Construction's Outperformance Can Continue
Granite Construction's (NYSE:GVA) Dividend Will Be $0.13
15 Longest Bridges in the World
See More Headlines
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GVA Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
1/29/2023
Next Earnings (Estimated)
2/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Heavy construction, except building construction - contractors
Sub-Industry
Construction & Engineering
CUSIP
38732810
Employees
3,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
-32.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$10.10 million
Pretax Margin
1.35%

Debt

Sales & Book Value

Annual Sales
$3.01 billion
Cash Flow
$4.40 per share
Book Value
$21.73 per share

Miscellaneous

Free Float
43,533,000
Market Cap
$1.81 billion
Optionable
Optionable
Beta
1.39

Key Executives

  • Mr. Kyle T. Larkin (Age 51)
    Pres, CEO & Director
    Comp: $923.59k
  • Ms. Elizabeth Lisa Curtis (Age 56)
    Exec. VP & CFO
    Comp: $516.07k
  • Mr. James A. Radich (Age 64)
    Exec. VP & COO
    Comp: $545.36k
  • Mr. Brian A. Dowd (Age 59)
    Sr. VP & California Group Mang.
    Comp: $587.66k
  • Mr. Michael G. Tatusko (Age 58)
    Sr. VP & Mountain Group Mang.
    Comp: $828.71k
  • Ms. Staci M. Woolsey (Age 46)
    Chief Accounting Officer
  • Mr. Kenneth B. Olson
    Sr. VP of Corp. Fin. & Treasurer
  • Mr. M. Craig Hall
    Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.
  • Ms. Erin Kuhlman
    Sr. VP and Chief Marketing & Communications Officer
  • Mr. Tim Gruber
    Sr. VP of HR













GVA Stock - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" GVA shares.
View GVA analyst ratings
or view top-rated stocks.

What is Granite Construction's stock price forecast for 2023?

1 brokers have issued twelve-month target prices for Granite Construction's stock. Their GVA share price forecasts range from $28.00 to $28.00. On average, they anticipate the company's stock price to reach $28.00 in the next year. This suggests that the stock has a possible downside of 32.5%.
View analysts price targets for GVA
or view top-rated stocks among Wall Street analysts.

How have GVA shares performed in 2023?

Granite Construction's stock was trading at $35.07 on January 1st, 2023. Since then, GVA stock has increased by 18.3% and is now trading at $41.50.
View the best growth stocks for 2023 here
.

When is Granite Construction's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our GVA earnings forecast
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) released its quarterly earnings results on Thursday, October, 28th. The construction company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.82 by $0.09. The construction company had revenue of $1.06 billion for the quarter. Granite Construction had a net margin of 2.14% and a trailing twelve-month return on equity of 7.13%. During the same period in the previous year, the company earned $0.90 earnings per share.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Friday, December 9th. Investors of record on Friday, December 30th will be paid a dividend of $0.13 per share on Friday, January 13th. This represents a $0.52 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for GVA
.

Is Granite Construction a good dividend stock?

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.26%. The dividend payout ratio is 41.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GVA will have a dividend payout ratio of 17.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

What guidance has Granite Construction issued on next quarter's earnings?

Granite Construction issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.20 billion-$3.30 billion, compared to the consensus revenue estimate of $3.06 billion.

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a number of institutional and retail investors. Top institutional investors include Bernzott Capital Advisors (1.72%), Pinnacle Associates Ltd. (0.42%), Comerica Bank (0.11%), Wesbanco Bank Inc. (0.07%), Yousif Capital Management LLC (0.06%) and Louisiana State Employees Retirement System (0.05%).
View institutional ownership trends
.

How do I buy shares of Granite Construction?

Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $41.50.

How much money does Granite Construction make?

Granite Construction (NYSE:GVA) has a market capitalization of $1.81 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $1.26 on an earnings per share basis.

How many employees does Granite Construction have?

The company employs 3,300 workers across the globe.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 1/29/2023 by MarketBeat.com Staff